The Stone Workshop Ltd - Filleted accounts

Registered number

06345536

The Stone Workshop Ltd

Unaudited Filleted Accounts

For the Year Ended

28 February 2025

The Stone Workshop Ltd
Registered number:		06345536
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		13,386			7,451

Current assets
Stocks		3,000			3,000
Debtors	4	11,944			9,214
Cash at bank and in hand		30,990			47,847
		45,934			60,061

Creditors: amounts falling due within one year	5	(27,404)			(27,474)

Net current assets			18,530			32,587

Total assets less current liabilities			31,916			40,038

Creditors: amounts falling due after more than one year	6		(4,084)			-

Provisions for liabilities			(2,543)			(1,506)
Capital redemption reserve			(50)			(50)


Net assets			25,239			38,482

Capital and reserves
Called up share capital			50			50
Profit and loss account			25,189			38,432

Shareholders' funds			25,239			38,482

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




PA Lang
Director
Approved by the board on 3 June 2025

The Stone Workshop Ltd
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over 36 months
	Plant and machinery			over 3 years or over 10 years
	Fixtures, fittings, tools and equipment			over 4 years
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	4,438		101,307		14,600		120,345
	Additions	-		-		10,495		10,495
	At 28 February 2025	4,438		101,307		25,095		130,840

	Depreciation
	At 1 March 2024	4,438		93,856		14,600		112,894
	Charge for the year	-		1,936		2,624		4,560
	At 28 February 2025	4,438		95,792		17,224		117,454

	Net book value
	At 28 February 2025	-		5,515		7,871		13,386
	At 29 February 2024	-		7,451		-		7,451


4	Debtors					2025		2024
£							£

	Trade debtors					11,944		9,214


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					11,337		3,608
	Taxation and social security costs					8,294		20,525
	Other creditors					7,773		3,341
						27,404		27,474


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					4,084		-


7	Other information

	The Stone Workshop Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Dornock
	Beresford Road
	Bowness-On-Windermere
	Cumbria
	LA23 2JG